Apple acquires video editing company MotionVFX to boost subscribers
Apple is buying MotionVFX in part to help the iPhone maker attract more subscribers to its creator tools.
Apollo’s John Zito questions private equity’s software valuations: ‘All the marks are wrong’
While Wall Street figures have flagged risks in private credit, Apollo’s Zito is among the first within private credit to candidly acknowledge weakness.
Nvidia’s GTC will mark an AI chip pivot. Here’s why the CPU is taking center stage
Nvidia and AMD are seeing huge demand for CPUs and Jensen Huang is poised to unveil details for processors specialized for agentic AI at the GTC conference.
Oil crisis unlikely to lead to bear market, says CFRA’s Sam Stovall
Disrupted energy markets will probably not lead to a major downturn in U.S. stocks, according to Sam Stovall at CFRA Research.
Strait of Hormuz standoff puts supply of America’s generic drug prescriptions at risk
Half of US generic drugs are made in India and transit the Strait of Hormuz. Supply chains prepare for emergencies, but prescription stockpiles are limited.
Why traders are getting nervous about Iran’s $200 oil warning as the conflict drags on
Analysts told CNBC that the prospect of oil prices soaring to $200 per barrel shouldn’t be ruled out as the Iran war drags on.
Meta stock climbs nearly 3% on report of planned layoffs to offset AI spending
Meta is planning capital expenditure of up to $135 billion in AI-related costs in 2026, which raised investors’ fears around unsustainable spending.
U.S. is allowing Iranian oil tankers through Strait of Hormuz, says Bessent
The White House believes tanker traffic through the Strait of Hormuz will increase before Navy escorts are deployed, Treasury Secretary Scott Bessent said.
Trump-Xi China summit may be delayed if Trump wants to stay in Washington for Iran war: Bessent
Trump’s visit, scheduled for March 31-April 2, would be the first for a U.S. president since he went to the country in 2017.
‘We will remember’: Trump warns countries to help secure Strait of Hormuz as shipping stalls
Trump’s comments come after he called on several countries to send warships so as to secure the critical waterway
